My wife is in education.
At the end of last school year another system offered her a nice position as an assistant superintendent and well over $20,000.
00 per year increase in salary.
With that position came more responsibility and longer hours.
Today she got to the office before 8:00 AM and she will soon get in, it is already after 10:00 PM and she is just now leaving the office.
She is working far more hours and is making nearly $2000.
00 more per month but here is the kicker-she is bringing home over $200.
00 LESS per month.
Now let me ask you, how much longer do you think she will continue to do that? Not long, and neither will the rest of the producers in America.
Nearly five years ago, I began to warn everyone I knew or could tell, to not put their money in the 401Ks, 457Bs, and the like because I said then and say now, whatever government got involved with, it would soon decide that money was its money and it had allowed you out of the benevolence of its heart to have it-never mind that you earned the money and sacrificed to place it in those accounts so it would grow for you and your family-as Elizabeth Edwards said, "you make stupid financial decisions" and the government needs to tell you what can be done with your money.
Well, guess what, there is some $4 trillion in those plans and now the government is beginning to eye those accounts.
And here is just how serious this matter is.
The government has already come up with a name for their scheme, and already has an acronym for it-GSA (Government Savings Accounts) or GRA (Government Retirement Accounts) both in the running.
Say goodbye to all that sacrifice you did so you could prepare for your retirement as the government seizes those funds and replaces them with IOUs.
IOUs that will be nothing more than another Social Security program where you pay, and the government decides who is worthy of your money.
Stay tuned for my Share the Wealth post coming later this week
At the end of last school year another system offered her a nice position as an assistant superintendent and well over $20,000.
00 per year increase in salary.
With that position came more responsibility and longer hours.
Today she got to the office before 8:00 AM and she will soon get in, it is already after 10:00 PM and she is just now leaving the office.
She is working far more hours and is making nearly $2000.
00 more per month but here is the kicker-she is bringing home over $200.
00 LESS per month.
Now let me ask you, how much longer do you think she will continue to do that? Not long, and neither will the rest of the producers in America.
Nearly five years ago, I began to warn everyone I knew or could tell, to not put their money in the 401Ks, 457Bs, and the like because I said then and say now, whatever government got involved with, it would soon decide that money was its money and it had allowed you out of the benevolence of its heart to have it-never mind that you earned the money and sacrificed to place it in those accounts so it would grow for you and your family-as Elizabeth Edwards said, "you make stupid financial decisions" and the government needs to tell you what can be done with your money.
Well, guess what, there is some $4 trillion in those plans and now the government is beginning to eye those accounts.
And here is just how serious this matter is.
The government has already come up with a name for their scheme, and already has an acronym for it-GSA (Government Savings Accounts) or GRA (Government Retirement Accounts) both in the running.
Say goodbye to all that sacrifice you did so you could prepare for your retirement as the government seizes those funds and replaces them with IOUs.
IOUs that will be nothing more than another Social Security program where you pay, and the government decides who is worthy of your money.
Stay tuned for my Share the Wealth post coming later this week
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